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Cryptocurrency News Articles
Movement Labs launches the public testnet with an incentive program: here's how to participate in the free crypto airdrop
Aug 03, 2024 at 04:40 pm
The innovative cryptographic company Movement Labs has just launched the testnet of its Ethereum L2 anticipating the distribution of a totally free crypto airdrop.
Movement Labs, the company behind the upcoming Ethereum layer-2 Movement, has launched the public testnet a few days ago.
Now users can interact with the new chain and start farming for a free airdrop of the MOVE token.
At stake there are prizes for both users and developers, according to an incentive program that provides for the allocation of 5% of the supply of the new crypto.
Let’s find out all the details and how to participate in the testnet.
Movement Labs launches the public testnet with an incentive program: here’s how to participate in the free crypto airdrop
The Web3 company Movement Labs has just launched the testnet of its Ethereum L2, anticipating the distribution of a totally free crypto airdrop.
We are talking about a public test network based on the programming language Move, which lays the foundation for the next generation of scalability solutions.
The new network is compatible with parallelized MoveVM, the first Move L2 virtual machine for Ethereum, allowing developers to choose the best modular pieces.
For the availability of data, use the provider Celestia, offering an efficient and high-performance infrastructure for off-chain data publication.
Users and developers can get in touch right away with Movement’s L2 and test the various decentralized applications within it.
The initial contribution of the early adopters who will try these new cryptographic products will be rewarded with the free airdrop of the crypto MOVE.
Movement Public Testnet is live ⬇️ pic.twitter.com/NRtbY7ygcj
According to what is described in the blog post by Movement, the new layer-2 should be particularly scalable, with economical and very fast transactions.
Gas fees are estimated to be less than 1 cent (paid with the gas token MOVE) and a TP/s equal to 160,000 operations per second.
It self-defines as the most secure and the fastest L2 on the market enabled by Celestia, and with a decentralized sequencer that enables sub-second finality.
We remind you that Movement, in addition to having a scaling network on Ethereum, aims to create its own modular network of networks. By doing so, apps can launch their own rollup written in Move code and linked to the advantages of Movement.
Participate in the MoveDrop and earn a free crypto airdrop
The launch of the Movement L2 network in testnet follows the inauguration of the MoveDrop incentive program which will culminate in a free crypto airdrop for early adopters.
The MoveDrop is composed of 4 different sections:
MOVEDROP is our program that includes everyone helping on the journey to mainnet. The MoveDrop contains:⚡ Building the Parthenon⚡ Battle of Olympus⚡ Gmove⚡ Centurions (TBA)https://t.co/QJwj6xMBJd3/
The simplest, and probably most efficient, method to participate for free in this crypto airdrop is to explore the phase “Building the Parthenon”.
The first thing to do is download the Razor wallet (compatible with Move), and then go to the homepage of the Movement testnet.
Connect the Galxe account and start completing the approximately 300 available Quests.
Among the challenges, we find both social tasks to be carried out on X, Discord, Medium, and Telegram, as well as actions more focused on decentralized finance web3.
The more Quests are completed, the greater the reward in terms of crypto airdrop: in total there are about 40 dapps to test.
Despite being a free initiative, potentially less profitable than those requiring an initial capital, the airdrop could still be satisfying.
Movement has allocated in advance 5% of the supply of the MOVE token, which will be dedicated precisely to the participants of the incentivized testnet.
Being an airdrop that is not widely farmed by the masses, we expect a good allocation at the TGE.
Among the investors in the project is also Binance Labs, so a future listing on the exchange platform is expected.
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